Robert from Paynovate describes how the Belgian payment provider has built a comprehensive electronic payment processing service with an EMI license from the National Bank of Belgium, offering everything from card issuing to open banking. Their standout approach is welcoming customers that traditional financial players often reject through scalable compliance procedures that adapt to each client's risk level.
• Paynovate provides complete payment solutions including card issuing, terminals, e-commerce, IBAN accounts, and recently added open banking
• Their risk-based compliance approach uses 4-8 eyes principles and third-party verification to safely onboard clients from traditionally underserved sectors
• They've achieved 15% market share in Belgian payment terminals while expanding internationally
• Their Exospend platform offers corporate expense management, IBAN accounts and cards, including white-label options
• Compliance flexibility is core to their value proposition, with internal development of key verification processes
• Future plans include maintaining their comprehensive service model while expanding to Middle East, Southeast Asia and North America
• Stablecoin capabilities are technically ready and launching soon
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Koen Vanderhoydonk
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#FinTech #RegTech #Scaleup #WealthTech